Professional Documents
Culture Documents
Cost
Automobile -number
Cloth -metre
Sugar -Quintal
Tele-call -minute/seconds
Power -KW/H
Transport T/KM
Cost Centre
Factory Cost or
Works Cost - Prime Cost +Factory Overheads
cos
SD overhead
COP
A.Overhead
F Cost
Prime
F. Overhead COP
cos
Prime Cost
Cost
D. Expenses
F Cost
Prime Cost
D .Labour
D Materials
Components Of Total Cost
Comparison Of Costs
Few Instructions for Preparation
Of Cost Sheet
COST SHEET
Name of the Company ----------------------------
Cost Sheet of (Name of the Product) -----------------
For the period ending ------------------------------ Units--
Particulars Total Per Unit
(Rs.) (Rs.)
Opening Stock of Raw Materials
Add : Purchases
Expenses on Purchases
Less: Closing Stock of Raw Materials
Value of raw materials consumed
Director Labour
Direct Expenses
Prime Cost
Factory Overheads :
Add OP stock OF WIP
Less Cl. Stock of WIP
Factory Cost
Office & Administration Overheads
+ Opening Stock Of FG
-Cl Stock Of FG
Cost of Production
Selling and distribution Overheads
Cost of Sales
Profit
Sales
Preparation Of Cost Sheet
------------
Less Closing Stock Of Raw Materials-----
Defective Materials Returned -----
Abnormal Wastage Of RM ------ ----------
4 Computation Of Profit
Profit=Cost x Profit%
100
2 Profit as a percentage of Selling Price (Total Cost is given)
Profit=Cost X Profit%
100-profit%
3 Profit as percentage Of Cost ( Selling Price is given)
5 Estimation Of Overheads
1 As % Of Prime Cost
2 As % Of Direct Wages
3 As % of Labor Cost
4 As % of Administration Cost
5 As Cost Of Direct Materials
Preparation Of Cost Sheet
7 Treatment Of Shortage of FG
Normal Shortage added to Cost Of Production
8 Treatment Of Subsidy
To be deducted from profit
Items Excluded From Cost
Capital Losses
Damages Payable
Penalties and Fines
Expenses On Transfer Of Company Office
Interest On Bank Loan, Debentures
Discount On Bonds etc
Losses on investment
Cash Discount
Items Excluded From Cost
3 Appropriation Of Profit
Appropriation Of Sinking Fund
Dividend Paid
Taxes On Income & Profits
Charitable Donations
Transfer To Reserves
Items Excluded From Cost